Page 49 - CFA - Day 1 & 2 Course Notes
P. 49
LOS 5.d: Describe the nine major The GIPS Standards
sections of the GIPS standards.
5. Presentation and Reporting. Investment performance must be
presented according to GIPS requirements, and when appropriate,
other firm-specific information should be included.
6. Real Estate. These provisions apply to all real estate investments
regardless of the level of control the firm has.
7. Private Equity. These must be valued according to the GIPS Private
Equity Valuation Principles, unless it is an open-end or evergreen fund
(which must follow regular GIPS).
8. Wrap Fee/Separately Managed Account (SMA) Portfolios. Certain
special GIPS standards apply to these.
Concept checkers, page 53 and page 57
